Vietnamese shares are forecast to extend their growth in the final week of August by a marginal rate while volatility is widely expected by analysts as buyers are believed to be cautious due to the lack of news that could bolster optimism in the market.
Vietnamese shares bounced back on Thursday after Wednesday’s sharp fall sent stocks down to attractive prices, thus triggering investors to bottom-fish.
Vietnamese shares closed on December 26 on a positive note as large-cap stocks were boosted by expectations for better quarterly earnings and rising oil prices.
Vietnamese shares plunged on December 11 as investors turned cautious before exchange-traded funds (ETFs) started restructuring their portfolios. A lack of information during the year-end period also had an impact on confidence.
Shares advanced further on both local exchanges on November 13 as investors eagerly anticipated some companies’ sale of more shares to reduce the State’s capital holdings, and by the impacts of the APEC event last week.
Shares rebounded on the HCM Stock Exchange on November 1 as large-cap stocks returned to positive territory. The overall market trading conditions remained negative, however, and signaled more volatility in the near future.
Vietnam’s benchmark VN Index rallied for a seventh session on September 8, driven by leading stocks in real estate, food and beverage, insurance-finance and construction sectors.
